Statkraft roars ahead on rising electricity prices

The Norwegian utility earned NOK 609 million more in the second quarter this year than in the same period last year. Electricity prices grew 15 percent in the company's markets.

Photo: Statkraft

After struggling with record-low Nordic electricity prices for years – along with weak Norwegian currency – there is now solid growth at the Norwegian utility Statkraft.

The company made NOK 3,047 million (EUR 327 million) in EBITDA in the second quarter. This is roughly NOK 600 million more than during the same period last year.

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